Market Outlook: Banking Crisis, Fed Meeting, and Nike Earnings Dominate Week Ahead.

1 min read
Source: CNBC
Market Outlook: Banking Crisis, Fed Meeting, and Nike Earnings Dominate Week Ahead.
Photo: CNBC
TL;DR Summary

Swiss banking giant UBS has agreed to buy Credit Suisse for $3.2 billion, with Swiss regulators and central bankers offering billions in backup. The Federal Reserve and five other central banks have also moved to ease liquidity concerns in global markets. Flagstar Bank will take over large chunks of Signature Bank, while Silicon Valley Bank is set to be broken up. First Republic Bank has been hit with another credit downgrade, and Chinese President Xi Jinping has landed in Russia for meetings with Vladimir Putin.

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